In 2023, employment in medium-high R&D intensive activities in the US stood at 7.29 million units. Forecasts suggest steady growth from 2024, with employment expected to reach 7.57 million units by 2028. The year-on-year growth rate is relatively stable, from 0.82% between 2024 to 2025, gradually increasing to 0.80% for 2025 to 2026, then to 0.67% for 2026 to 2027, and finally rising slightly again to 0.80% for 2027 to 2028. The compound annual growth rate over this period shows a consistent increase, averaging 0.75% annually across five years.
Future trends to watch for:
- Potential advancements in automation and AI could impact job growth patterns in medium-high R&D industries.
- Increased investment in innovation and technological infrastructure may bolster employment opportunities further.
- Geopolitical and economic factors could influence the trajectory of R&D employment growth in the US.